Mexico

Mexico

MONEY DELAYS MEXICO PLAN

1 November 1994

Financial issues are delaying a 2 MW project at Cerro de la Virgen in Mexico to be developed by Zond of California says Comision Federal de Electricdad. A wind measurement project has also been delayed on the island of Cozumel. As yet , Mexico has very few wind power plant installations.

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Construction of a 2 MW wind farm in Mexico at Cerro de la Virgen in Zacatecas state is apparently delayed. The project is to consist of turbines supplied by Zond Systems of California -- but they will not be the company's newly developed Z-40 design.

The project is apparently interrupted due to "financial aspects" says Roberto Cadenas of the Comision Federal de Electricidad (CFE) in Mexico. Zond, which has filed to go public with the Securities and Exchange Commission (SEC), could not be reached for comment. Companies filing to go public are officially in a "quiet period." The turbines installed will be 25, 80 kW turbines, according to Zond literature and the CFE, the Mexican national utility. Fuerza Eolica SA, Zond's 49% owned affiliate in Mexico, has signed a contract for turnkey construction with the local municipality, which will own the plant. It will be developed by Instituto Investigaciones Electricas with financial support from BANOBRAS Bank, according to Cadenas. Fuerza Eolica will operate the project.

Also in Mexico, wind measurements were to have started in October on the island of Cozumel off Yucatan, says Cadenas. Because of tourism, the island will need 30 MW more power. The resource is good and a project may ultimately be developed there.

Mexico has only a few wind installations. The first utility scale project -- 1.6 MW of Vestas V-27s -- went on line this summer at La Venta. Small wind turbines from US company Bergey Windpower have been installed in the fishing village of Xklak in Quintana Roo. And a 5 kW wind turbine has been installed at Santa Maria Magdalena in Hidalgo as part of a hybrid project built in 1991.